Confidence Among Finance and Accounting Workers Slips in Q1

  • jobs & the economy
  • July 30, 2013
  • Employee Confidence
  • Economy
  • Job Availability

Confidence among finance and accounting professionals decreased slightly in the first quarter of 2013, according to a new survey conducted online by Harris Interactive among 190 U.S. finance and accounting workers.

The Mergis Group Finance and Accounting Employee Confidence Index, a measure of overall confidence among U.S. finance and accounting workers, decreased 2.4 points to 53.4, which found that alongside the drop in overall confidence, there has also been a decline in their confidence level in job availability and in their personal employment situation. 

“Although the first quarter of the year brought a declining confidence level among finance and accounting workers, we believe this may be an anomaly due to the recent sequester and the economic uncertainty it is creating among consumers overall,” said Steve McMahan, President of The Mergis Group. “In fact, several recent reports continue to reflect the promising growth of the finance and accounting sector in the coming year."

Economic Outlook Is Picking Up Among Finance and Accounting Workers
Nearly a third (30 percent) of finance and accounting employees believe the economy is getting stronger, rising five percentage points from the fourth quarter of 2012. Meanwhile, the number of finance and accounting workers who believe the economy is getting weaker fell five percentage points, from 37 percent to 32 percent.

Job Confidence Among Workers Dips

Just under half (49 percent) of finance and accounting workers are confident in their ability to find a new job, slipping four percentage points from the previous quarter. The number of workers who say they are not confident they could find a new job increased by 10 percentage points, from 16 percent to 26 percent.

Employees Are Eyeing the Job Market

More than a third (37 percent) of finance and accounting workers say they are likely to look for a new job in the next 12 months, an increase from 33 percent last quarter. More than half (53 percent) say they are not likely to job search, falling five percentage points from the previous quarter.  

 
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